American Safety Insurance Holdings, Ltd. Announces Appointment of Marilyn V. Hirsch to Board of Directors.HAMILTON, Bermuda -- American Safety Insurance Holdings, Ltd. (NYSE NYSE See: New York Stock Exchange :ASI ASI, n See Anxiety Sensitivity Index. ) announced today that Marilyn V. Hirsch has been appointed to serve on its Board of Directors and on the Finance Committee of the Board. Ms. Hirsch's appointment fills the vacancy on the Board created by the departure from the Board of Frank Lackner. Ms. Hirsch will stand for election at the Company's 2010 Annual Meeting of Stockholders. "Ms. Hirsch brings a wealth of knowledge and experience which will contribute to our continued success," said Stephen R. Crim, President and Chief Executive Officer of American Safety Insurance Holdings, Ltd. "We are pleased to have a professional with her extensive background in the capital markets, with a particular focus on the insurance industry, join our Board." Ms. Hirsch joins American Safety Insurance Holdings, Ltd. with more than 20 years of experience with international finance and acquisitions and she has extensive capital markets experience and insurance sector expertise. Since April 2009, she has served as Managing Director of 787 Capital Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a New York-based merchant banking and boutique advisory firm. Prior to joining 787, Ms. Hirsch served as Senior Vice President - Financing and M&A of Delek Capital Ltd, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Delek Group Delek Group is one of the largest Israeli companies. Delek Group is involved in the energy and infrastructure, real estate, insurance and financial services and automotive sectors. , an Israeli-based diversified energy, and insurance and finance conglomerate. Ms. Hirsch served on the Board of Directors and as Chair of the Audit Committee of the Board of the Republic Group, Inc until March, 2009. Prior to her positions with Delek, Ms. Hirsch served in a number of capacities, most recently as managing director, investment banking with a particular focus on the insurance industry, at Credit Suisse from 2000 to 2006. During her time with Credit Suisse, Ms. Hirsch was responsible for client relationships and senior deal executions in the insurance industry. Ms. Hirsch received a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies , cum laude, in both Economics/Finance and Civil Engineering from the Wharton School, University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. in Philadelphia, Pennsylvania and her Masters Degree in Finance and Real Estate from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). in Berkeley, California. About Us: American Safety Insurance Holdings, Ltd. (NYSE:ASI), a Bermuda holding company, offers innovative insurance solutions outside the U.S. in the reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and alternative risk markets through its subsidiaries American Safety Reinsurance, Ltd. and American Safety Assurance, Ltd., and in the U.S. for specialty risks and alternative risk markets through its program administrator, American Safety Insurance Services, Inc., and insurance company subsidiaries and affiliates American Safety Casualty Insurance Company, American Safety Indemnity Company and American Safety Risk Retention Group, Inc. As a group, ASI's insurance subsidiaries and affiliates are rated "A" (Excellent) VIII by A.M. Best. For additional information, please visit www.asih.bm. |
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